The massive budget bill passed by the House includes new tax breaks for tipped workers and those who get overtime.

As the 2026 midterms loom, voters are restless and eager to penalize those in power. Every election starting with 2006, with the exception of 2012, has been a change election.

Proposed policies in the bill would impact health savings accounts, college savings accounts, taxes on overtime and tips, and more.

The greatest benefits would go to high-income households, while low-income families would see a much more modest boost, analyses show.

Overall, the Republican tax bill, known as the One Big Beautiful Bill Act, would add $2.3 trillion to the deficit over 10 years, according to the CBO.

Extending the 2017 tax cuts alone could save the typical household $2,900, but the legislation also affects overtime, tips and health care.

Two Republican fiscal hawks voted against the “one big, beautiful bill” despite overwhelming pressure from House GOP leadership and President

Makes tax cuts from the 2017 Tax Cuts and Jobs Act permanent that fiscal hawks complain adds trillions of dollars to the deficit over the next decade; does not include a tax increase on the wealthiest earners. Trump posted last week that the proposal shouldn't raise taxes on high-earners, "but I'm OK if they do!!!"

Republicans lack the necessary support in the Senate to get President Trump’s marquee Big Beautiful Bill Act over the finish line in its current form, Sen. Ron Johnson warned.

NPR's Ayesha Rascoe talks to University of Michigan economist Justin Wolfers about the possible economic impact of the GOP tax and spending bill that narrowly passed in the House.